Trump urges Fed to do more than a ‘small rate cut’
President critical of independent US monetary policymakers and says they are acting too cautiously
29 July 2019 - 17:58
Washington — US President Donald Trump has urged the Federal Reserve to go beyond making a “small rate cut” this week, raising pressure on the central bank to lower borrowing costs by more than Wall Street expects.
In a series of tweets ahead of the Fed’s meeting scheduled for Tuesday and Wednesday, Trump reiterated his criticism of independent US monetary policymakers, accusing them of acting too cautiously in comparison to China and Europe...
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